Cathay Pacific will upgrade and expand the fleet of its affiliate Cathay Dragon with an order for 32 Airbus A321neo jets.
The jets, scheduled to be delivered between 2020 and 2023, will also mark the debut of an all-new regional business class seat – although this is expected to be a more conventional recliner than a lie-flat bed.
The new aircraft will replace Cathay Dragon’s 15 A320s and eight A321s, the airline said in a statement separately. Besides the 23 single-aisle jets, it also operates 24 wide-body A330s, serving 56 destinations in Asia.
“The substantial investment we are making in new aircraft underlines our confidence in the future of the Cathay Pacific Group, as well as our commitment to bolstering Hong Kong’s position as Asia’s largest international aviation hub,” Chief Executive Officer Rupert Hogg said in the statement.
The airline, which last week reported its worst half-year loss in at least two decades, is in the midst of a corporate revamp that includes job cuts and measures to improve services.